Petrochemical Industries Company

With world-scale manufacturing facilities around the world, PIC manufactures and markets chemicals that are the essential building blocks for countless products that people use every day and that serve diversified markets worldwide. Whether our products help increase crop yields to feed a growing world or are used to produce insulation that increases a home's energy efficiency, our materials are helping to improve quality of life. Based in Kuwait, our company was founded in 1963 as the first chemical fertilizer complex of its kind in the region. Today, PIC is a subsidiary of the Kuwait Petroleum Corporation (KPC) and is a petrochemical industry leader in Kuwait and throughout the Middle East, and a growing leader worldwide. In addition to manufacturing and marketing fertilizers, olefins and aromatics in Kuwait, we participate in multiple joint ventures that also produce and market chemicals both locally and internationally.

PIC has a 42.5% stake in EQUATE.

The Dow Chemical Company

Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2014, Dow had annual sales of more than $58 billion and employed approximately 53,000 people worldwide. The Company's more than 6,000 product families are manufactured at 201 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at

Dow has a 42.5% stake in EQUATE

Boubyan Petrochemical Company

Boubyan Petrochemical Company K.S.C. (BPC), a Kuwaiti shareholding company listed on the Kuwait Stock Exchange (Stock symbol: BPCC; stock no.: 514), is the first private-sector company in Kuwait that invested in the government-controlled petrochemical sector. The company was established on February 12, 1995. Over the years BPC has actively pursued and made further investments in the petrochemical and allied fields as well as in industrial and manufacturing projects in general. The company has also not shied away from investments in other sectors where opportunities arose. Though BPC’s primary interest is in unlisted direct investments in the industrial sector, the company’s portfolio also includes listed companies and private equity investments. BPC is considered, in its category, a blue chip company of the Kuwait Stock Exchange. Compared to the market in general, its share price has been relatively stable. Market capitalization of the company as of end of 2009 was around KD 200 million ($700 million). Due to its continued outstanding performance over the years, the company has attracted considerable regional and international attention.

BPC has a 9% stake in EQUATE.

Qurain Petrochemical Industries Company

Qurain Petrochemical Industries Company (QPIC) was established in 2004 as a holding company with a total capital of one hundred and ten million Kuwaiti Dinars represented by over a billion and one hundred million shares to over 450 thousand shareholders across Kuwait at inception and focuses on investing within Energy and Industrial sectors. The company was founded with a clear direction from the government of Kuwait represented by the Petrochemical Industries Company (PIC) in order to engage the private sector to participate within the Oil and Gas sectors and create local industries that add value to our national economy. QPIC is one of the biggest private investors in the petrochemicals sector in Kuwait with total assets of around US$1.3 billion as of 31 March 2014, and aspire to maintain stable growth while moving forward.

QPIC has a 6% stake in EQUATE.

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